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Known HYIP Scams Update 9/2012
Here is the list of the most recent known HYIP (High Yield Investment Programs) scams (non paying programs) as of 9/26/2012.
Asian Invest Group
Edward Brown Investments
Liberty Reserve Bank
No Risk Investment
Urgen Capital Group
We Earn You Earn
I will try and keep your updated once a month on known HYIP "non paying" programs.
Tips to Help Protect Yourself from HYIP Scams:
- Always check that the HYIP program you are interested in is still "paying" it members, before you join. You can check on HYIP programs by going to sites like - http://www.hyipcore.com/ , http://www.hyip.com/ and http://www.hyipoke.com/.
- Always make it your first priority to withdraw your original investment money as soon as possible, and reinvest only your profits. This is how you can help protect your original money. It is much safer to invest "house" money they yours.
- I never invest more the $400 into any HYIP program. It is much easier to earn your $400 back than lets say $5,000.
- I never reinvest more than 75% of my profits. I always try to withdraw the remaining 25% back into my payment processor. Remember it is almost always the "greedy" members that get "burnt" on these type of programs.
- Stay away from HYIP programs the offer more that 5% daily earnings. These are almost always Panzi Scams, as there are NO known Internet investments that can pay that high of a return.
- Most HYIP programs that offer between 3% to 5% daily earnings on small investments are also possible Panzi Scams, but should continue to pay out for 3 to 6 months. before they stop and disappear.
- HYIP programs that pay between .5% to 2% daily earnings on small investments are the most reliable programs, as these earnings can be sustainable for years.
- Try to invest into new programs as opposed to concentrating all your investment money into just one HYIP program for an extended amount of time (most paying HYIP programs only last between 3 months to 3 years).
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